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Which Rams players have most to gain during OTAs?

Puka Nacua headlines a group of Rams players entering OTAs with contracts, roster spots, and starting roles on the line

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May 18 • 4:50 PM EDT • Sports • sports.yahoo.com
Science behind sobriety field tests

Albany High students in Elizabeth Lopatniuk's health classes participated in a dynamic lesson about the effects of alcohol on the body. After taking an in-depth look at the science behind why and how alcohol slows the activities of the brain and central nervous system, students learned about how a variety of factors can impact the level of intoxication and how blood alcohol concentration can impair one's ability to operate a motor vehicle. Albany High Student Resource Officer Nick Schuler led students through an overview of field sobriety tests that are routinely performed during a traffic stop when an officer suspects a driver may be under the influence of alcohol. Officer Schuler explained the three elements of a physical sobriety test, including walking a straight line with turns and checks for motor skill patterns, standing on one foot to check for balance and following a moving stimulus with eyes only to check for Horizontal Gaze Nystagmus (HGN), an involuntary, rhythmic jerking of the eyes as they look to the side. Students volunteered to try walking a straight line both with and without alcohol impairment simulation goggles. Officer Schuler pointed out particular behaviors and patterns that would lead to a failed field sobriety test during the simulation. As prom and graduation festivities approach, we applaud our Albany High staff for empowering our Falcons with valuable lessons so they can make wise and safe choices.

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May 18 • 4:20 PM EDT • Science • albanyschools.org
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Science behind sobriety field tests

Albany High students in Elizabeth Lopatniuk's health classes participated in a dynamic lesson about the effects of alcohol on the body. After taking an in-depth look at the science behind why and how alcohol slows the activities of the brain and central nervous system, students learned about how a variety of factors can impact the level of intoxication and how blood alcohol concentration can impair one's ability to operate a motor vehicle. Albany High Student Resource Officer Nick Schuler led students through an overview of field sobriety tests that are routinely performed during a traffic stop when an officer suspects a driver may be under the influence of alcohol. Officer Schuler explained the three elements of a physical sobriety test, including walking a straight line with turns and checks for motor skill patterns, standing on one foot to check for balance and following a moving stimulus with eyes only to check for Horizontal Gaze Nystagmus (HGN), an involuntary, rhythmic jerking of the eyes as they look to the side. Students volunteered to try walking a straight line both with and without alcohol impairment simulation goggles. Officer Schuler pointed out particular behaviors and patterns that would lead to a failed field sobriety test during the simulation. As prom and graduation festivities approach, we applaud our Albany High staff for empowering our Falcons with valuable lessons so they can make wise and safe choices.

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May 18 • 4:17 PM EDT • Science • albanyschools.org
Does Ukraine need US help anymore?

Russia’s invasion has stalled

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May 18 • 3:04 PM EDT • Politics • theweek.com
PlayStation Plus to raise monthly subscription by £1 in UK

The videogame firm says the increase is due to "ongoing market conditions"

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May 18 • 2:47 PM EDT • Technology • bbc.com
7 massive box office hits that vanished from cultural memory

Movie lovers dig up the films that nobody remembers despite making $400M+ at the box office.

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May 18 • 1:29 PM EDT • Entertainment • yahoo.com
Additions to David Blunkett’s alternative king’s speech

Letters: Readers praise – and point to omissions from – the former home secretary’s proposed programme for government

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May 18 • 1:00 PM EDT • Politics • theguardian.com
Canada’s sports minister hopes World Cup can lead to trade agreement with US and Mexico

Adam van Koeverden has expressed confidence that hosting the World Cup could be the key to agreeing a new trilateral trade deal with the US and Mexico

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May 18 • 12:45 PM EDT • Sports • theguardian.com
What to know about the political chaos engulfing the UK's Labour Party and efforts to unseat Starmer

LONDON (AP) — British Prime Minister Keir Starmer tried to strengthen his grip on office Monday, saying he was getting on with the job after taking blame for the Labour Party’s disastrous election results that have put his leadership in jeopardy.

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May 18 • 12:23 PM EDT • Politics • wral.com
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Hope review – non-stop gonzo alien battling is top-quality entertainment

Cannes film festival: Na Hong-jin’s melee of running, chasing and shouting at the angry invaders is uproarious fun, mixing digital work with old-school spectacle

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May 18 • 9:47 AM EDT • Entertainment • theguardian.com
Best Sports Business Cities: Atlanta’s Moment

Best Sports Business Cities: No. 1 Atlanta

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May 18 • 6:00 AM EDT • Business • sportsbusinessjournal.com
Why only five minutes of exercise a day could help millions of people live longer

Small increases in physical activity as part of our daily lives can bring long-term benefits to our health.

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May 18 • 5:07 AM EDT • Health • bbc.com
Carrick backs Shaw for the World Cup

Manchester United boss Michael Carrick thinks Luke Shaw should be in England's World Cup squad when it is announced by Thomas Tuchel on Friday. Shaw was named in Tuchel's expanded 55-man squad when it was submitted to world governing body Fifa earlier this month. The 30-year-old has started every Premier League game for United this season, and he scored his first goal for the club in over three years in the 3-2 victory over Nottingham Forest.

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May 18 • 3:56 AM EDT • Sports • sports.yahoo.com
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Winvia Entertainment agrees Rev Comps acquisition to expand UK prize draw operations (WVIA)

Winvia Entertainment (LSE:WVIA) has entered into an agreement to acquire the trade, business and selected assets of Rev Comps, a family-operated UK digital prize draw platform. The acquisition will be financed entirely from the company’s existing cash resources.

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May 18 • 3:31 AM EDT • Entertainment • uk.finance.yahoo.com
NBA: Detroit Pistons 94-125 Cleveland Cavaliers - Cavs reach Eastern Conference final

The Cleveland Cavaliers beat top seeds the Detroit Pistols 125-94 in their series decider to secure a place in the NBA East Conference Finals.

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May 18 • 2:19 AM EDT • Sports • bbc.com
UK-registered firms linked to payments for small-boat crossings, BBC finds

Smugglers are directing migrants to pay using a network of British businesses, secret filming reveals.

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May 18 • 1:00 AM EDT • Business • bbc.com
British Takeovers Up 250% as Global Buyers Bypass Political Flux

Britain has been a go-to destination for international deal hunters. The value of M&A mergers targeting UK companies is up more than 250% this year to around $150 billion, according to data compiled by Bloomberg.

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May 18 • 12:00 AM EDT • Politics • bloomberg.com
Why does Amazon have no Western rivals?

The internet giant dwarfs other online retailers on both sides of the Atlantic.

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May 17 • 7:54 PM EDT • Business • bbc.com
UNC basketball expected to get visit from top five recruit

Michael Malone and the UNC basketball program are projected to get a visit from this top five player.

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May 17 • 7:19 PM EDT • Sports • sports.yahoo.com
HS2 failings blamed on high-speed focus and political pressure

A new reviews confirms the high-speed rail line's "original sins" include a technical design, changing political priorities and ballooning costs.

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May 17 • 7:07 PM EDT • Politics • bbc.com
'This may be the last time you hear my voice': Political executions surge in Iran

Since the US and Israel attacked Iran on 28 February, the UN says it’s verified the execution of at least 32 political prisoners.

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May 17 • 7:02 PM EDT • Politics • bbc.com
Crime increasingly a ‘serious barrier’ to UK growth, say business leaders

British Chambers of Commerce survey shows firms ‘are dealing with rising levels of theft, fraud and cyber-attacks’

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May 17 • 5:30 PM EDT • Business • theguardian.com
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Business investment growth in UK is less than half pace of US

There has been a widening divergence between the two economies since 2019

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May 17 • 5:00 PM EDT • Business • ft.com
Dodgers vs. Angels game III chat

The Dodgers look to sweep the Angels on Sunday. Roki Sasaki faces Grayson Rodriguez. SUNDAY GAME INFO

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May 17 • 3:55 PM EDT • Sports • sports.yahoo.com
Frequent museum visits tied to reduced cellular aging, research finds

People who regularly visit museums or engage in creative activities may age more slowly on a biological level, according to a new UK research study.

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May 17 • 2:16 PM EDT • Health • foxnews.com
Hydroponic System Boosts Science Program

Wisconsin Ag in the Classroom logo ” data-image-caption=” Wisconsin Ag in the Classroom logo ” data-large-file=”https://www.midwestfarmreport.com/wp-content/uploads/2022/12/vertical3-e1670437798419-864×1024.jpg”> Kaukauna teacher Nick Mees

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May 17 • 1:52 PM EDT • Science • q106.com
What is Ebola and why is WHO treating outbreak as global health emergency?

Strain of fatal disease has no vaccine and conflict in DRC makes containing spread difficult as Uganda reports cases

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May 17 • 1:37 PM EDT • Health • theguardian.com
Everton 1-3 Sunderland: What Moyes said

Merlin Rohl is the very first German player to score for Everton in the Premier League and the newest nationality to strike for the Toffees in the competition since Guinea-Bissau's Beto in December 2023. Everton manager David Moyes has lost his last three Premier League meetings with his former sides.

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May 17 • 1:27 PM EDT • Sports • sports.yahoo.com
Trump attacks Massie as Republican critic describes ‘desperate’ attempts to oust him from primary

US president writes ‘vote the bum out’ as congressman faces close race against Trump-endorsed Republican

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May 17 • 1:27 PM EDT • Politics • theguardian.com
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Leeds 1-0 Brighton: What Farke and Calvert-Lewin said

Leeds United extended their Premier League unbeaten streak to eight games (W4 D4), which is their longest run in the competition since November 2001 (13). Daniel Farke's side have won three consecutive Premier League home games for the first time since August 2001 (5 in a row).

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May 17 • 12:43 PM EDT • Sports • sports.yahoo.com
Spring sports postseason preview: Duke baseball

With postseason play on the doorstep for many spring sports, the Blue Zone is here to preview for each team. Softball, men's lacrosse, track and field and rowing have already been previewed, so it's time to look at Duke baseball, which begins the ACC Tournament Tuesday.

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May 17 • 11:20 AM EDT • Sports • dukechronicle.com
Big tobacco is exploiting fears of the illicit market to unwind health gains, Australian experts warn

Cigarettes kill 66 Australians every day, coalition says, criticising MPs who heard evidence from Philip Morris in secret

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May 17 • 11:00 AM EDT • Health • theguardian.com
Sway a crowd, wear a martyr’s crown: how one NSW politician went from scandal to political success – and wrote a playbook still used today

At the turn of last century, an ambitious young solicitor caused a scandal in a high-profile murder case. Years later he was a political leader in a new nation. How did he do it?

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May 17 • 11:00 AM EDT • Politics • theguardian.com
Report: Liverpool ready to move for PSG star

Liverpool Push Hard for Barcola DealLiverpool’s long-standing admiration for Liverpool FC winger Bradley Barcola appears to be entering a decisive phase, with growing indications that the player is ...

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May 17 • 10:55 AM EDT • Sports • sports.yahoo.com
Man Utd 3-2 Nottingham Forest: What Fernandes said

On votes for player of the season: "It's a privilege and a pleasure for me, knowing that your job is being recognised by many people, that I was player of the season I am very grateful." Bruno Fernandes has now equalled the record for most assists in a Premier League season (20), levelling Thierry Henry in 2002-03 and Kevin De Bruyne in 2019-20.

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May 17 • 10:33 AM EDT • Sports • sports.yahoo.com
Man Utd 3-2 Nottingham Forest: What Pereira said

Nottingham Forest have lost nine of their past 11 Premier League away games against Manchester City and Manchester United, conceding two or more goals in each of those matches. Morgan Gibbs-White's goal was the 1000th goal scored in the Premier League this season.

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May 17 • 10:31 AM EDT • Sports • sports.yahoo.com
Seven essential gadgets to live with when you have back pain, from grabbers to lap desks

When I slipped a disc, I discovered an array of gadgets that help take a load off your back and solve the constraints of limited mobility

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May 17 • 10:15 AM EDT • Technology • theguardian.com
An unlikely politician, Julia Letlow could be Bill Cassidy's successor

Rep. Julia Letlow became a congresswoman after replacing her late husband, Luke.

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May 17 • 9:32 AM EDT • Politics • usatoday.com
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Tomoyuki Sugano notches his 150th career win

The Japanese ace finds himself adjusting to pitching at elevation.

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May 17 • 9:00 AM EDT • Sports • sports.yahoo.com
2️⃣ goals in two minutes ignites United vs Forest encounter

Man United were cruising in their Premier League clash against Nottingham Forest at half time. The Red Devils led after Luke Shaw ended his nearly four-year goal drought with a fifth-minute strike.Mic...

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May 17 • 8:49 AM EDT • Sports • sports.yahoo.com
‘We’re not ready’: US lags on pandemic preparedness after Covid, experts say

Experts say slashed funding and growing misinformation are some of the greatest challenges facing public health

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May 17 • 7:00 AM EDT • Health • theguardian.com
NFL: Aaron Rodgers agrees new one-year deal with Pittsburgh Steelers

Quarterback Aaron Rodgers, 42, opts to continue his NFL career and agrees a new one-year deal with the Pittsburgh Steelers, according to reports.

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May 17 • 6:21 AM EDT • Sports • bbc.com
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'A hidden blood pump': How chewing more boosts your brain

While it's widely known that chewing more improves digestion, research suggests it can also boost our brains and even help fend off Alzheimer's.

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May 17 • 5:00 AM EDT • Health • bbc.com
Chelsea appoint Xabi Alonso as manager on four-year contract

Chelsea appoint former Liverpool midfielder Xabi Alonso as their manager on a four‑year contract.

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May 17 • 4:10 AM EDT • Sports • bbc.com
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How can the PM improve the lives of Londoners?

The BBC Politics London show asks three bodies which policies could improve Londoners' lives.

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May 17 • 3:08 AM EDT • Politics • bbc.com
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Are gilt markets acting as ‘the UK’s political police’?

Bond markets smell a crisis from a potential lurch to the left in the Labour Party

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May 17 • 3:00 AM EDT • Politics • theweek.com
North East woman built business from illustrating mushrooms

Entrepreneurs in the North East say women need to have more confidence in their own business ideas.

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May 17 • 2:19 AM EDT • Business • bbc.com
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The ungovernable country? Why Britain keeps losing prime ministers

May, Johnson, Truss, Sunak, and now perhaps Starmer: each one was brought low for a reason. But what if the deeper problem is the office itself?

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May 17 • 1:00 AM EDT • Politics • theguardian.com
WHO declares Ebola outbreak in DR Congo global health emergency

The agency added that the outbreak, with around 246 cases and 80 deaths, does not meet the criteria of pandemic emergency.

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May 16 • 10:55 PM EDT • Health • bbc.com
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Labour leadership jostling puts Brexit back under political spotlight

The UK's relationship with the EU is shaping up as a key issue for a possible Labour leadership contest and the coming by-election in the Makerfield.

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May 16 • 10:14 PM EDT • Politics • bbc.com
WHO declares Ebola outbreak in Congo and Uganda ‘emergency’ of international concern

At least 80 deaths reported in Congo’s Ituri province while Uganda reports spread from travellers from the DRC

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May 16 • 10:07 PM EDT • Health • theguardian.com
Is it harder than ever to be prime minister?

Discontent with the political class is greater than ever - has the UK become ungovernable?

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May 16 • 7:26 PM EDT • Politics • bbc.com
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Life with PMDD: 'Like the Grim Reaper coming every month'

Women diagnosed with premenstrual dysphoric disorder discuss how it impacts their lives.

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May 16 • 7:17 PM EDT • Health • bbc.com
Now What? With Carbon Pricing Eroded and Pipeline Politics Advancing, Here Are the Pathways for Climate Success

At the end of a whirlwind week of news on carbon pricing and electricity strategy, capping a madcap year of pretty much non-stop, dramatic change, the word across much of Canada’s climate and energy transition community is that climate policy in this country has been shredded. Eviscerated. Hit with a sledgehammer by policy rollbacks that have pushed the country’s 2050 net zero target “well out of reach”. That means it’s never been more important to look for the rays of hope and glimmers of possibility. To glimpse the seeds of the next set of strategies to get Canada’s climate pollution under control and the country into the accelerating global dash away from fossil fuels. And then, once we’ve spotted those possibilities, get on with the hard, day-to-day slog of trying to make them a reality. Nothing takes away from the frustration and the deep disappointment so many climate and energy hawks are expressing, the sense of betrayal by the author of Value(s) and the former UN special envoy for climate action and finance. But we knew two things as the week drew to a close. We’re looking at the world as it most definitely is. And we don’t get to give up finding the pathways to confront climate change and deliver faster, deeper carbon cuts that leave no one else behind. So really, the first question we all have to ask ourselves is: What’s next? Subscribe All the Oxygen in the Room The outpouring of anger and grief over the carbon pricing deal between Prime Minister Mark Carney and Alberta Premier Danielle Smith has been absolutely understandable. So much of the climate community poured years, more than a decade, into dragging the current federal pricing regime across the finish line, then defending it from a deluge of three-syllable rhymes after the Trudeau government proved utterly incapable of delivering its own message. The policy foisted on us by neo-classical economists took up all the oxygen in the room, burned through years of climate response time that we won’t get back, while cornering climate hawks into the position that the best response to the crisis of our lifetimes is a new tax…in an era of historic anti-tax sentiment. I mean, really—what could possibly have gone wrong? Against that history, let’s appreciate columnist Max Fawcett’s point that even a modest carbon pricing agreement with a government as off-the-wall libertarian/conspiracist as Danielle Smith’s—those adjectives are mine, not Max’s—is a win worth savouring (as long as Smith keeps her promises for a change). But part of living in the world as it is (no, I’m not letting that go) is to be clear-headed about what we can and can’t control. And one thing we get to decide, after seeing this week’s carbon price festivities take up all the oxygen yet again, is whether we want to keep letting that happen. Particularly when success down that road depends on a factor that no one with a climate agenda can control or influence—a provincial carbon pricing mechanism that has been manipulated and eroded beyond its lowest possible denominator. Thankfully, that’s not the way it has to go. Not when we have so many other powerful, practical tools at our disposal, including the ones still available to us through this abominable Memorandum of Understanding (MOU) between Canada and Alberta. Tools In Our Toolbox When I started roughing out this list, I didn’t expect it to grow to nearly a dozen bullet points. It’s probably still incomplete. Some of the greatest hits in today’s climate solutions toolbox include: • No Carbon Capture, No Pipeline: On Friday, Prime Minister Mark Carney explicitly stated that there’s been no change to the MOU provision that there will be no West Coast pipeline without an industry commitment to build its massive, $16.5-billion carbon capture and storage (CCUS) hub in Northern Alberta, and vice versa. The two megaprojects were joined at the hip when the MOU was signed Nov. 27, and the implementation agreement this week affirmed that they still are. A parade of independent analysts have spent years pointing to the economic and technical flaws in CCUS, while the industry kept postponing its investment decision until it could arm-twist the government for more “clarity” (by which it meant even more lavish taxpayer subsidies) on the project. Now the industry itself is running away from the CCUS hub and insisting the pipeline should proceed without it, but Carney doesn’t seem to be budging from a central tenet of the MOU to which Smith has signed on. • No Subsidies, No Investors: Climate analysts and advocates have quite rightly been hammering away at Carney and his team, insisting that any new capacity the industry wants to build must proceed without new subsidies. The government has responded with a growing collection of funding and financing mechanisms for the very wide menu of industrial development and nation-building projects they say they want to take on, and that menu always includes fossil fuel infrastructure. But it’s hard to see how even the combined fiscal clout of the federal and supportive provincial governments will deliver the financial backing private investors would need when the business case for new fossil fuel development is evaporating before their eyes. Particularly when… • No Market, No Demand, No Investors: As our friend Markham Hislop at Energi Media (our apparently sleepless friend, given the massive volume of great material he’s been churning out) points out this morning, the biggest vulnerability in any pipeline deal is the assumption that Asian buyers will want the oil or liquefied natural ga that our fossil industry is so keen to send them. Hislop writes in part: Ottawa and Alberta are effectively betting that countries like China and India will continue increasing oil imports for decades as their economies grow and energy consumption rises. That assumption underpins the entire economic rationale for expanding oil sands production and building billions of dollars in new export infrastructure. But Asian energy systems are changing rapidly… China, India, South Korea, and other major hydrocarbon importers are now investing hundreds of billions of dollars into electricity systems built around wind, solar, batteries, nuclear, hydro, and expanded transmission infrastructure. Domestic “energy sovereignty” is increasingly replacing the old energy-security model based on stable oil and gas imports. Those investments are expected to sharply slow oil demand growth and eventually reverse it, even as overall energy consumption continues rising. There are also refining constraints. Many Asian refineries and petrochemical complexes are already optimized to process discounted heavy crude from the Middle East and Latin America. That raises serious questions about how much additional Canadian bitumen Asian markets can absorb at profitable prices. Small wonder that there’s still no private sector investor for the project, despite Smith’s government desperately beating the bushes to put together a deal. For now, Alberta is acting as proponent and covering early start-up costs for a pitch to the federal Major Projects Office, which could actually turn into the next tough hurdle for Smith and her pipeline to jump. • Canada Day Looms: How ironic that Canada’s birthday this year could become a major chokepoint for the provincial premier who’s been working so diligently to tear the country apart! The July 1 target date for Alberta’s pipeline proposal is baked into the MOU, was reaffirmed by the implementation plan, but it hadn’t dawned on me that it cuts both ways. As one very smart colleague wrote in an email yesterday, “they’ve thrown the ball into Alberta’s court to get the project proposal on the table really quickly and to have to do a whole pile of work to put together a massive, complicated project that would typically take years to assemble, and they’ve given them weeks to do it.” That makes July 1 a looming deadline that Smith won’t be able to run away from politically, especially with the separatists in her party and her caucus breathing down her neck. (See previous ref to off-the-wall.) But if Alberta comes in with a sloppy, incomplete submission, even after Carney bent over backwards to simplify the application process and the rules that govern it, it may be harder for the province or the industry to blame Ottawa and insist on the faster process they claim their investors are demanding. (Oh, wait—which investors would those be??) • We’ll See You In Court (Then We’ll See You Again): If Carney did cave, that would be just one more reason for Indigenous and other affected communities to take the government and the process to court—Just as Alberta First Nations did, successfully, in response to Smith’s half-baked separation referendum. Veterans of the Harper era have been warning that a shoddy process around fossil fuel infrastructure or other major projects will be a recipe for the very delays that process seeks to avoid. And now more than ever, with renewable energy and energy storage eating fossil fuels’ lunch in import markets around the world, a delayed pipeline or LNG terminal may be as good as a cancelled one. • Charged Up, Ready to Go: With its goal of doubling Canada’s electricity supply to meet a doubling of demand by 2050, the national electricity strategy that Carney unveiled Thursday has a lot to like. With its explicit language about speeding the shift from fuels to more efficient and affordable electricity, global investment and deployment patterns that already favour that shift, an emerging bidirectional power grid, the role of front-line options like rooftop solar and heat pumps, the emergence of electric vehicles as behind-the-meter energy storage, and the domestic jobs and manufacturing to make it all happen, the document doubles down on the essential cornerstone of a faster shift off fossil fuels. The strategy envisions a more prominent role for gas and nuclear power. But some of those provisions were already in the Clean Electricity Regulations that climate hawks are now fighting so hard to defend, inserted as a compromise in a futile attempt to mollify the industry and its political representatives in Alberta and Saskatchewan. But once again, gas will be a tougher sell when it’s more expensive and now so much more unpredictable than the clean alternatives. The new nuclear technologies are still speculative and deeply vulnerable to cost overruns. Increasingly, utilities, developers, and investors know it. Carney declared Thursday that “it doesn’t do us good to be sitting in court all the time with provinces. It doesn’t do us good to be talking past each other. What does do us good is to come together with specific projects.” There are no guarantees, but so much of the language and narrative-building in the electricity strategy suggests the lion’s share of those projects will be renewable. • The Party Has Already Started: The electricity strategy only rarely digs down to specific projects, but provinces representing three-quarters of Canada’s population are already embracing a faster transition. Hydro-Québec is working on a 10-year, $185-billion renewable energy and grid buildout by 2035. Ontario recently brought 10 provinces and territories together in a National Energy Corridor Agreement to boost interprovincial and -territorial transmission infrastructure. And the MOU implementation agreement commits Alberta to facilitate investment in renewable energy projects, a big step back from its continuing, punitive restrictions on renewables development. The electricity strategy envisions much of the financing and infrastructure that will be needed to pull those advances together into an integrated whole. • Delivering on Affordability: The MOU implementation plan has little or nothing to say about affordability (are you surprised?), but the electricity strategy does, with a top-line pledge to reduce home energy costs for seven out of 10 Canadian households by 2050, a total saving of $15 billion across the board. It’s just a start, but it puts affordability on the government’s narrative map. If they’re serious and deliberate about patching together a least-cost energy strategy, it’ll have little if any room for oil, gas, or nuclear—not with powerful evidence, for example, that electricity prices are higher when those prices are set by gas. • Smith Proves that Canada Works: By signing a deal that makes it harder to claim the federal government is blocking a new pipeline, Smith has helped prove Carney’s constant anti-separatist refrain that “Canada works”—incurring the rage, no doubt, of her own political base. Canada also needs to work for anyone who depends on a clean environment, healthy and thriving ecosystems, and safe, stable climate. But with Smith and her separatist constituents setting up as a fifth column for annexation by Donald Trump’s United States, let’s set aside any notion that 51st state status for Canada is a recipe for anything other than climate disaster (and so much else). Resisting and withstanding Trump (just 170 more sleeps until mid-term elections, which is a damn sight better than the 730 we started with) doesn’t mean a free pass for a pipeline, but we can still appreciate it that keeping Canada whole and sovereign is still Carney’s Job One. • The Words Not Spoken: Apart from a commitment to export a million barrels of “low-emission” Alberta bitumen per day (memo to Smith and Carney: You realize that that’s less than the industry is already exporting??), the MOU implementation plan says nothing about the international trade and economic sovereignty deals that Carney has been travelling the world to negotiate. It didn’t have to. Carney doesn’t need permission from Danielle Smith, her American enablers, or her separatist allies to continue building the alliances that will ratchet down our economic dependency on our unstable, unreliable neighbour to the south. But every connection he builds with countries outside North America helps align our economy and our future with a faster shift off fossil fuels. Little if any of this was on our bingo cards a year or two ago. But it’s the pathway that has opened up to us. And if it gives Canada any climate or energy gains at all in an era still dominated by Trump and his increasingly ridiculous tariffs, his loutish trade negotiations and his continuing annexation threats, we have to take the wins. Not least because they’ll be the point of departure for what we can achieve in 2027, 2029, and beyond, as Trump’s grip and this era begin to loosen and then fade. What is Carney Doing? If this line of thought is right—and it’s a possibility, not a prediction—it means that Carney’s actions and decisions are largely about buying time. Time for Trump’s power to wane. Time for Alberta’s separatist/conspiracist virus to spread, mutate, die out, or at least die back, with help from a vaccine of federal steadiness and calm (appropriate enough, for a movement populated largely by vaccine deniers) that no conspiracy theory can dismiss. And time for the government’s trade and investment agenda to deliver results—even knowing that some of those results will bring impacts that front-line communities will not and should not accept. In the immediate moment, none of this changes the way the wider climate community has to respond, from campaigners to investors to front-line practitioners. All of our voices are still essential. But those voices will be stronger and more confident if we have a clearer sense of the brutal game we’ve been pulled into, and a plausible path (or two it three) for playing it to the win we need. This conversation also underscores our biggest task for the remaining years of what was supposed to be the “decisive” decade for climate response: if we can shift the energy narrative in Canada, make it a mainstream view that the country’s preoccupation with oil and gas has us falling farther behind a changing world, we’ll see far better results in the 2030s and beyond. For many veteran climate advocates, taking on that part of the fight will begin with recognizing that most of our friends and family, neighbours and colleagues already understand that climate change is real and right in front of us: they’re looking away and staying silent because they don’t have what climate communicator Katharine Hayhoe calls “efficacy”. As Hayhoe recently pointed out in a feature interview with The Energy Mix, it amounts to science denial to keep hammering away at the dire news about global warming without also helping audiences understand what they can do about it, with multiple studies telling us why that won’t work. Far better to open those conversations with the dominant crises like energy security, food security, emergency preparedness and business continuity, affordability, and financial security that have knocked climate change far lower on the list of public priorities, and will likely keep it there. We Knew This Would Happen Climate hawks have always known this day would come. For decades, we warned that everyone had to pay attention to climate change right now, because it would be much tougher to respond once the crisis itself started affecting our daily lives. We were right, and here we are. But now, thanks to decades of hard work, communities and countries have an alternative to doubling down on fossil fuels. “In 10 years everyone will have ‘always known’ that solar and batteries were going to win,” Morgan Solar Executive Chair Mike Andrade writes on LinkedIn. With the disruption in the Strait of Hormuz roiling energy priorities around the world, Canada and the United States are among the shrinking number of countries that are still very keen on fossil fuel development. Understanding that gap is a first, essential step in spotting the opportunities ahead, and averting the deep economic as well as environmental and social risk we face if we don’t seize them. Thanks for reading The Energy Mix Weekender! Subscribe for free to receive new posts and support our work. Subscribe Mitchell Beer traces his background in renewable energy and energy efficiency back to 1977, in climate change to 1997. Now he and the rest of the Energy Mix team scan 1,200 news headlines a week to pull together The Energy Mix and The Energy Mix Weekender. Chart of the Week BYD Eyes 20 Dealership Locations After Canada Greenlights Chinese EV Imports ‘Sledgehammer’ Carbon Price Deal Boosts Emissions by 230Mt, Aims for Fall 2027 Pipeline Approval ‘Worse Than Harper’: Regulatory Rollback Would Stop Canada from Assessing Project Impacts, Critics Warn Electricity Strategy Aims for Doubling by 2050, Allows ‘Flexibility’ for Gas Power Plants Opposition Mounts as O’Leary’s Data Centre Approved in Drought-Stricken Utah Diluted Carbon Price Misses ‘Reality of the World We’re In’, Could Impede Diversified Trade: Climate Institute $200B in Clean Energy Investment Will Need On-Time Delivery, Reliable Policies, Trade Association Says ‘Sovereign Pipeline’: CEO Pitches to Keep Trans Mountain in Government Hands What a Supercharged El Niño Could Mean for Canada Canada’s future is electric, and here’s how a power grid superhighway would get us there (Toronto Star) The Perilous Waters of Hecate Strait (Globe and Mail) Saudi Aramco profits jump despite conflict in Middle East (The Guardian) Farmers confront rising cost of fertilizer and fuel as spring seeding under way (Canadian Broadcasting Corporation) Clarkson forecasts 24% decline in offshore oil, gas capital expenditures (Oil & Gas Journal) Pipe Dreams: How Oil and Gas Fail to Deliver Economic Development in Africa (Oil Change International) Developing countries must hold the pen to script the fossil fuel transition (Climate Home News) Iran war threatens the dream of a post-oil economy in the Gulf (Washington Post) U.S. Oil, Gas Work Force Hits Lowest Level Since 2022 (Rigzone) Why Polestar Is Doubling Down on Net Zero as Rivals Pull Back on EVs (Bloomberg) Why this Michigan utility plans to sell its hydro dams for $13 (E&E News/Politico) Levees can no longer save New Orleans (Vox)

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May 16 • 6:41 PM EDT • Politics • energymixweekender.substack.com
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Get Microsoft’s core productivity apps for $130 with Office 2024

The apps you already know and love but without the subscription.

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May 16 • 6:00 PM EDT • Business • mashable.com
ACC backs Duke's TV deal with Amazon

Amazon and Duke announced an agreement last month for Prime to exclusively air three Blue Devils men’s basketball games in the 2026-27 season.

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May 16 • 4:11 PM EDT • Sports • spectrumlocalnews.com
ACC backs Duke's TV deal with Amazon

Amazon and Duke announced an agreement last month for Prime to exclusively air three Blue Devils men’s basketball games in the 2026-27 season.

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May 16 • 4:11 PM EDT • Sports • spectrumlocalnews.com
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5 Must-Read Analyst Questions From Flutter Entertainment’s Q1 Earnings Call

Flutter Entertainment’s first quarter saw revenue and non-GAAP profitability surpass Wall Street’s expectations, but operating margin declined sharply year-over-year. Management attributed this performance to continued momentum in international markets, especially Italy and the UK, and the rollout of new sportsbook and iGaming features in the U.S. CEO Peter Jackson highlighted the launch of FanDuel’s new loyalty and generosity programs and noted that product enhancements, such as early win promo

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May 16 • 4:04 PM EDT • Entertainment • finance.yahoo.com
Svitolina upsets Gauff to win Italian Open thriller

Ukraine's Elina Svitolina battles to a third Italian Open title courtesy of a thrilling three-set win against Coco Gauff in the final.

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May 16 • 3:48 PM EDT • Sports • sports.yahoo.com
Latvia’s president asks opposition leader to form new government

If opposition leader Kulbergs were to form a government, the cabinet lineup would need to be approved by parliament.

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May 16 • 3:22 PM EDT • Politics • aljazeera.com
Tommy Robinson tells tens of thousands at London rally to prepare for ‘battle of Britain’

Turnout down at second Unite the Kingdom march featuring Islamophobic and ethnonationalist hate speech and flyers

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May 16 • 2:21 PM EDT • Politics • theguardian.com
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UK ex-health minister says will run to replace Prime Minister Keir Starmer

Pressure mounts on Starmer's government, as Labour rivals including recently resigned Wes Streeting circle.

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May 16 • 1:32 PM EDT • Health • aljazeera.com
Checking in with Dodgers relievers Will Klein, Wyatt Mills

With the Dodgers on a three-city road trip to Anaheim, San Diego, and Milwaukee, here are a few leftover tidbits from the last homestand at Dodger Stadium. Toast of the town First, I spoke with reliever Will Klein, who has kept his late-season surge and World Series heroics going in the early part of the […]

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May 16 • 1:27 PM EDT • Sports • sports.yahoo.com
Knicks Bulletin: ‘The humble warrior’

We’ve reached a point where you can say the Cavs and the Pistons are doing this on purpose to prevent Knicks fans from enjoying New York basketball. But hey, seven games on their legs? Can’t complain! We’re the latest four days and a few hours from the ECF Game 1 tip-off. Finally. Mike Brown On […]

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May 16 • 10:37 AM EDT • Sports • sports.yahoo.com
North Dakota Rural Health Awards recipients named

Dr. Erika Stein of Northwood Deaconess Health Center and Shawnda Schroeder of the UND Department of Indigenous Health are among the awardees.

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May 16 • 10:35 AM EDT • Health • grandforksherald.com
U.S. and Nigerian mission kills Islamic State group leader, Trump says

Trump made the announcement of the joint operation to take out Abu-Bilal al-Mainuki in a late-night social media post Friday that offered few details.

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May 16 • 10:33 AM EDT • Politics • pbs.org
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Diamond League: English wins 800m at Diamond League Shanghai

Ireland's Mark English produces a strong finish to take victory in the 800m at the Diamond League Shanghai.

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May 16 • 9:51 AM EDT • Sports • bbc.com
EY Pays Over £100 Million to Settle NMC Health Legal Claim

EY UK has paid more than £100 million ($133 million) to the administrators of NMC Health Plc to settle claims it was negligent in its audits of the failed firm, according to people familiar with the matter.

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May 16 • 8:03 AM EDT • Health • bloomberg.com
Andalucíans to vote in election seen as gauge of Spain’s wider political change

Conservatives expected to keep majority as socialists face drubbing and ballot tests trajectory of far-right Vox party

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May 16 • 7:01 AM EDT • Politics • theguardian.com
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Fake lawyers, scientists, chefs and punters: meet the ‘white monkeys’ paid to make Chinese businesses look global

A foreign face is often thought to add prestige to a product or business – what’s behind this unregulated economy?

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May 16 • 7:00 AM EDT • Business • theguardian.com
Cowboys news: DeMarvion Overshown’s bold statement ahead of crucial season

Here's the latest news surrounding the Dallas Cowboys!

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May 16 • 7:00 AM EDT • Sports • sports.yahoo.com
Middle school students in Kaukauna gets hands‑on with food production

Kaukauna teacher brings modern agriculture to middle schoolers with hydroponic growing system.

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May 16 • 6:01 AM EDT • Science • wisfarmer.com
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Can a Republican defy Donald Trump and survive? Kentucky voters will decide

Congressman Thomas Massie, chastized by the US president as a ‘lowlife’, will soon face the ballot box – setting up a crucial test of Trump’s political strength

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May 16 • 6:00 AM EDT • Politics • theguardian.com
World Cup history will be made on this grass. These scientists have spent eight years perfecting it

The grass on which the World Cup's 104 matches will be played has a vital but often overlooked role. Two scientists have spent decades getting it right.

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May 16 • 5:00 AM EDT • Science • bbc.com
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Free heart health clinic in Oxted for men aged 40 to 70

Jeremy Schwartz says he is motivated to create the free clinic by his own heart scare.

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May 16 • 2:30 AM EDT • Health • bbc.com
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In a Fracturing UK, Nigel Farage Emerges as Nationalist Nemesis

With the UK government in crisis, the specter of a Reform leadership one day is shifting the political dynamic in Scotland, Wales and Northern Ireland.

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May 16 • 2:00 AM EDT • Politics • bloomberg.com
From Normal to Ania Magliano: your complete entertainment guide to the week ahead

Bob Odenkirk’s a put-upon lawman in Ben Wheatley’s latest, and the SNL UK star is back out on tour

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May 16 • 1:00 AM EDT • Entertainment • theguardian.com
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It’s Been a Wild Week in British Politics. What Happens Next?

Nobody has yet challenged Prime Minister Keir Starmer for the leadership, but his leading rival, Andy Burnham, finally has a route to Downing Street.

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May 16 • 12:01 AM EDT • Politics • nytimes.com
Declare climate crisis a global public health emergency, experts tell WHO

Exclusive: Commission says alert would trigger coordinated international response that could help avoid millions dying

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May 16 • 12:00 AM EDT • Health • theguardian.com
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Canadiens' Jakub Dobes Gets Big Praise From Nick Suzuki
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May 15 • 7:47 PM EDT • Sports • sports.yahoo.com
Player Availability Report: #ATXvSKC

Player Availability Report is SportingKC.com’s look at the latest status updates around the team ahead of upcoming matches and is presented by Saint Luke’s. All details listed are from the league’s official Player Status Report that is submitted the day prior to the match. Sporting Kansas City is back on

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May 15 • 5:57 PM EDT • Sports • sportingkc.com
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Feature: Moore ’26 Keeps Busy with Double Science Major and Music

Luke Moore ’26 came to Kansas Wesleyan on a music scholarship. He’s graduating this weekend (May 16) with a double major in Chemistry and Physics. He’s as active on the music side as he is with his science activities — he’s played the cello for 10 years, including four years at Kansas Wesleyan. It’s common, he said, for scientists and musicians to share those interests. “I’ve spoken to plenty of musicians who would have done science if they weren’t musicians, and I’ve talked to plenty of scientists who would have done music if they weren’t scientists,” Mooresaid. He played the cello in the string orchestra, which he’s done since his first year, and as a junior and senior, sang in the Philharmonic Choir as a bass. He hadn’t sung in a choir since middle schoolin Garden City, but he found he really enjoys that aspect of his college career. Also as a junior, Moore helped re-activate the STEM Club as vice president. For two years, he helped build the club’s battlebot. Last year the bot came home from battles in Kansas City in pieces, lots of pieces. This year it came home with the first-place trophy. He’s helped make frozen nitrogen ice cream at Homecoming and other events and helped organize the STEM Club’s first gingerbread house competition for the holidays. Willing to get his hands – and face – dirty for science, he encouraged fellow musicians and scientists to smash him in the face with whipped cream pies on Pi Day (March 14) as a fundraiser for the STEM Club. His capstone project involved developing a metallic organic framework (MOF) that takes a methylene blue dye out of water. “I’m proud that I was able to design this project, and I was proud that I did end up making the MOF,” Moore said. The professors and attitudes at KWU have made all this possible. “I don’t actually have time for everything,” Moore said. “I have to prioritize things. Things inevitably fall through the cracks, but it’s hard for me to choose one over the other, because I like a lot of things. And I don’t want to not do music, and I don’t want to not do science.” Moore said that Kansas Wesleyan, as a smaller university, gives students the opportunity to try things. “If I were to want to be in a music ensemble, it would probably be a bit harder in a larger school. One nice thing about this school is that everyone’s involved in something,” he said. “Professors know that you have other things going on, and they are flexible and understanding.” Moore has applied to grad schools, with an goal of earning his Ph.D. and landing at a university big enough to allow for a small research team that also gives him an opportunity to teach. He’s off to a good start. Moore is receiving the award for Outstanding Research in the Math, Physics and Computer Studies Department at Commencement this year. Story by Jean Kozubowski

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May 15 • 4:27 PM EDT • Science • kwu.edu
How Rayner, Streeting and Burnham weakened PM in 12 hours of political drama

Three interventions by three senior Labour politicians made for an unforgettable day in British politics.

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May 15 • 4:21 PM EDT • Politics • bbc.com
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Romelu Lukaku Included In Belgium's World Cup Squad For The Fourth Time

Romelu Lukaku was included in Belgium's World Cup squad despite an injury-hit season with Napoli, joining Kevin De Bruyne and Thibaut Courtois as Belgium prepares for Group G play.

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May 15 • 2:38 PM EDT • Sports • foxsports.com
Dallas weighs City Hall’s future as potential Mavericks sports, entertainment site

There were 418 submissions from residents, developers, architects, business leaders and others who responded to the city’s call for concepts favored repairing or restoring the Dallas City Hall.

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May 15 • 11:37 AM EDT • Entertainment • sportsbusinessjournal.com
Middlesbrough: Championship club calls for Southampton's expulsion from play-offs

Middlesbrough issue a statement demanding Southampton's expulsion from the Championship play-offs over spying allegations.

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May 15 • 10:33 AM EDT • Sports • bbc.com
What you need to know about the new health secretary James Murray

What are the most pressing priorities for the new minister in charge of health?

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May 15 • 9:55 AM EDT • Health • bbc.com
'Out of shape' Lukaku in Belgium World Cup squad

Romelu Lukaku has been named in Belgium's World Cup squad, despite manager Rudi Garcia saying he is "out of shape".

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May 15 • 9:17 AM EDT • Sports • sports.yahoo.com
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Starmer, Burnham, Farage, Polanski: they make a week in politics feel like an eternity in Hades

It’s your life in their hands, but what kind of life is that? No wonder a wearied, confused public has mobilised into tribes – or just tuned out, says Guardian columnist Marina Hyde

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May 15 • 9:04 AM EDT • Politics • theguardian.com
Health agency names two schools affected by Berkshire meningitis outbreak

Students from Reading Blue Coat school, and Highdown secondary school and Sixth Form Centre receiving treatment

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May 15 • 8:27 AM EDT • Health • theguardian.com
Ferrari blends past and future with new HC25 supercar

Special based on F8 Spider introduces thinner headlights and vertical daytime running lights

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May 15 • 8:00 AM EDT • Technology • autocar.co.uk
Kostyuk completes Harvard Business School course designed for athletes

Marta Kostyuk is the latest WTA star to complete the Harvard Business School's Crossover Into Business for elite athletes.

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May 15 • 7:48 AM EDT • Business • wtatennis.com
BT revives talks for international business sale, Sky News reports

UK's BT is reviving talks over a possible sale or partnership of its ​struggling international business a year after halting ‌negotiations, Sky News reported.

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May 15 • 6:53 AM EDT • Business • reuters.com
Britain's pound, stocks and bonds fall on political uncertainty, global inflation angst

British government bonds, stocks and sterling fell on Friday, ​as domestic political uncertainty clashed with global worries about an inflationary shock, leaving UK ‌assets in the mire.

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May 15 • 4:01 AM EDT • Politics • reuters.com
Ebola outbreak kills 65 in eastern DR Congo's Ituri province

Africa's top health agency says around 246 cases have been reported.

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May 15 • 3:58 AM EDT • Health • bbc.com
Gilts Slump as Investors Brace for Burnham Challenge to Starmer

Gilts tumbled after Manchester Mayor Andy Burnham secured a pathway to potentially challenge Keir Starmer for the UK prime minister’s job, threatening a fresh bout of political instability that investors fear could result in more expansive fiscal policy.

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May 15 • 3:18 AM EDT • Politics • bloomberg.com
Chartbook 449: Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics.

Imagine the scene: In some Harry Potter version of 21st-century London, a group of deathless UK Treasury officials gathered from across the last century huddle over warm pints and glasses of Chardonnay. Around the table there are officials from the 1920s, the 1930s, the 1970s, 2022 and today. Inevitably, in May 2026, the subject of conversation is the disintegration of the current Labour government. Despite its huge majority in parliament, it has been reduced to tatters by catastrophic local election result. These exposed the fact that rather than having a government with a clear popular majority, the UK is like most other modern societies divided into 5 segments each of which commands between 26 and 16 percent of the vote. Perhaps unsurprisingly, the leadership at Nos 10 and 11 Downing Street - where the Prime Minister and the Chancellor (Treasury Secretary) work - seem paralyzed. They are caught between mounting discontent over unfairness and the cost of living, and tough fiscal strictures that push them into making unpopular spending decisions. In the London pub, the Treasury officials from across the ages, can barely hide their satisfaction at the latest display of democratic politics caught in the vice-grip of financial logic. “Remember the mur d’argent and the banker’s ramp?” “Just like yesterday!” There are smirks around the table. Then the representative of 2026 pipes up: “One thing you have to say about the current lot (referring to the latest hapless Labour government), you don’t have to teach them about the bond market!” There is a murmur of ascent from the Treasury Mandarins. The trauma of the fiscal crisis of September-October 2022 sits deep. Back then, in the final stages of Tory decay, a ‘mini budget’ that challenged fiscal orthodoxy led to a brief but fierce panic in one of the oldest government bond markets in the world (aka gilt market). Now all you have to do is to mention the “bond market” to hush debate. [ Paul Mason@paulmasonnews In the name of public service, and as ex-economics editor of BBC Newsnight, I offer to do a zoom call, tonight, with any Labour MP who wants to understand why bond markets do not "fall into line" with governments. 1/ 3:57 PM · May 12, 2026 · 466K Views 224 Replies · 674 Reposts · 3.93K Likes ](https://x.com/paulmasonnews/status/2054229532404519082?s=20) “And the funny thing is”, the young man in the huddle continues, “they don’t even want to talk about … ”. There is a sudden hush. Significant looks are exchanged around the table. About? One of the senior figures puts down his glass with a decisive “clink”. He-Who-Must-Not-Be-Named has entered their thoughts. Meanwhile, a few miles away in a grubby pub in Bloomsbury, two conspirators from the camp of Critical Macrofinance huddle over cans of low-alcohol IPA. They look at each other and blurt out loud: “The Bank!” “Everyone in the bloody Labour party is talking about the bond market. But why aren’t they even mentioning … the Bank of England!?” “Why is no one talking about Voldemort?” In Paul Mason’s blogpost, after much chest-thumping about basic fiscal logic, the basic point about the Bank of England is buried in the fine print at #3 in his list of suggestions as to what a radical Labour government might actually be able to do! [ Conflict & Democracy Down with the bond market! Down with gravity! It may seem unfair to focus on Labour MP Paula Barker for her off-the-cuff assertion that the bond market would have to “fall in line” with Andy Burnham, should he replace Keir Starmer as prime minister. But Burnham himself told the New Statesman that Labour had to “get beyond this thing of being in hock to the bond markets… Read more 2 days ago · 100 likes · 3 comments · Paul Mason ](https://htsf.substack.com/p/down-with-the-bond-market-down-with?utm_source=substack&utm_campaign=post_embed&utm_medium=web) Back in Bloomsbury they shake their heads and ask: “Didn’t we learn anything from the Eurozone crisis?” Meanwhile, as if summoned to the conversation by some higher force, the “pink pages” announce: “The days of ultra-cheap government borrowing have come to an end” and Martin “Whizzard” Wolf publishes the graph of the season Look at the UK in 2026, perilously positioned on the upper edge of the pack. No wonder no one in London needs any lessons about the “bond market”. But, look again. Imagine how they feel in Rome. What is London’s nightmare in 2026? The nightmare is that you end up like Italy in the early 2010s during the Eurozone crisis. Once comfortably situated in the middle of the pack, watching with horror as your ten-year yields explode to 7 percent and “spreads” become a national nightmare. One of the largest economies in Europe, a founding member of the euro, stigmatized. But the message of the Italian experience is ambiguous. After all, the stigma didn’t last. In 2026, Italy borrows at rates lower not only than the UK but the US. The US, which, as everyone knows, enjoys the “exorbitant privilege” of being the issuer of reserve, safe asets. What kind of magic is this? How did Italy, in the space of fifteen years, go from being good, to bad and back again? Which brings us back to our dissident friends in their Bloombury boozer and their memories of the Eurozone crisis. Italy never was Britain - with its ongoing fiscal deficits. Without interest payments, on primary balance, from 2000 to 2020 Italy ran a tight fiscal ship. Even in 2008 it barely went into deficit and when it was being put on the rack in the early 20210s its primary surplus matched that of austere Germany. So, what happened? How did it end up stigmatized? Of course Italian politics didn’t help. Berlusconi was at the helm and he had legal issues. But amongst friends in the Bloomsbury pub, Berlusconi is a sideshow, the name we whisper to each other is “Trichet”. From 2004 to 2011 the ECB was headed by Jean-Claude Trichet, ex of the French Treasury, more German than the Germans. After 2009 as the news of the Greek fiscal disaster broke, the European bond markets wento into panic mode and Trichet began a brutal game of cat and mouse. Between 2009 and 2011, Trichet intervened in the bond market to help, only when he thought he had compliance with austerity. When he thought they were uncooperative, he withdrew. In the summer of 2011, he even made direct suggestions to his Italian counterparts in Rome, as to how Italy should be governed. It was this cat and mouse game that drove the bond markets crazy and exposed Italy to a violent squeeze. When Mario Draghi took over the ECB at the end of 2011 and declared “whatever it takes”, the pressure on Italy, gradually eased. It is that starring role that has made Draghi into the towering figure in European politics that he remains today. So now you see why voices in London hush when it comes to the Bank of England. “The bond market” isn’t an irresistible objective force like the weather or an avalanche. It can appear like that. But that depends on the way it is being handled, or not handled by the central bank. Which is why the silence about the Bank of England in London right now is so significant. If you think this all sounds a bit fishy, coming from a left-liberal Keynesian like myself, well, let me introduce you to Robin Brooks, who, to put it mildly, plays on a different quidditch team to me. Here, from the position of a fiscal hawk is Robin’s celebratory account of the Bank of England’s role since 2022; In October 2022, at the height of the bond market blow-up in the UK, something incredible happened. Governor Andrew Bailey told British pension funds the Bank of England would end its support program for the country’s fragile gilt market, drawing a line under how much help the central bank was willing to give to exposed pension funds and - implicitly - the government. By the end of that week, Kwasi Kwarteng - the finance minister - had resigned. Prime Minister Liz Truss would soon follow. This episode is so incredible because it contrasts with what happened in the Euro zone earlier that year. Bond markets in Spain and Italy were under pressure amid high inflation and rising interest rates. In the middle of this, Mario Draghi - Italy’s Prime Minister - resigned, compounding pressure on bond markets of high-debt countries on the Euro periphery. Unlike the Bank of England, the ECB caved. It bought Italian and Spanish government bonds in an effort to cap yields and introduced a new tool that signaled to markets it might do such caps more frequently going forward. Faced with pressure on bond markets, the ECB capitulated to political pressure from high-debt countries like Italy and Spain. The Bank of England stood its ground and toppled the Truss government. This kind of thing has long-lasting consequences. It means markets price a higher probability of yield caps in the Euro zone, which keeps Italian and Spanish yields artificially low, while markets feel free to push up UK yields without fear of central bank intervention. As I flagged in yesterday’s post, this means you really can’t compare UK yields to those of other high-debt countries. The UK looks worse, but only because its central bank isn’t interfering with markets. There’s more to this than just that 2022 episode. The Bank of England has also been much more aggressive in its quantitative tightening (QT) than other central banks. If one motivation for quantitative easing (QE) is to lower bond yields - especially longer-dated ones - then it stands to reason QT pushes yields up. The left chart above shows a four-quarter moving average of UK government debt issuance (black line) in percent of GDP and which sectors absorb this issuance, including the Bank of England (blue bars). The right chart above compares the Bank of England’s accumulation or run-off of government bonds (blue line) with that of other central banks, where this blue line is the same as the blue bars in the left chart. The Bank of England was quicker and more aggressive than other central banks in downsizing its bond holdings, so UK yields will have risen more than elsewhere also for this reason, not just because of Governor Andrew Bailey’s remarks in October 2022. Back in October 2025, after a conversation in New York with friends in British politics, my sense of dysphoria was such that I raised the issue of the Bank of England openly in the FT Since 2008, the UK has slid into a deep economic and political predicament. Growth has stagnated to a degree far worse even than in the 1970s. The Tory leadership’s wager on the Brexit referendum spectacularly backfired, leaving the UK isolated from Europe and at the mercy of its special relationship with the US, many of whose political class regard the UK as a basket case. After years of austerity, the Labour party lurched to the left and then back to the centre. The Tory party has been eclipsed by the populist nationalism of Reform. Any British government should be worrying first and foremost about how to restart growth. Instead, Keir Starmer is beset by shades of the gilt market panic triggered by the Liz Truss government in 2022. The debt level is higher than in recent years, but there is no cause for panic. UK debt is at far from critical levels and of long duration. Whether you want to “take back control” or launch progressive economic policy, a democracy dogged by fear of bond market vigilantes is unhealthy. In a country that is a monetary sovereign, this climate points to one thing: a disconnect between the government and the central bank. Since 1997, the independence of the Bank of England has become a sacred cow. But independence is what you make of it. And in the wake of the gilt market crisis of September 2022, relations between the Bank of England and the UK government need a reset. In normal times, there is no doubt that an inflation-targeting independent central bank can serve a country well. But since 2008, the UK and other advanced economies have not had the luxury of such simple problems. To their credit, central bankers around the world have not stood on orthodoxy. After 2008, the US Federal Reserve rescued the global banking system and, through quantitative easing, it stabilised the Treasury market in the face of huge deficits. In Europe, things were trickier. Both the Bank of England under Mervyn King and Jean-Claude Trichet’s European Central Bank played cat and mouse with national governments. This was a high stakes wager that between 2010 and 2012 escalated bond market tension and triggered a disastrous turn to austerity. Shaken by the impact of those shocks, their successors, Mark Carney and Mario Draghi adopted a more protective stance (assuming you were not the government of Greece). Recall that Draghi’s legendary slogan, “Whatever it takes”, was uttered to face down the City of London’s bond vigilantes. In 2015, Draghi launched QE — financial repression by another name. In 2016, Carney used the authority of the Bank of England to stabilise markets following the vote for Brexit, an exemplary demonstration of how central banks can underpin democratic choice, even when those choices are wrong headed. All these were independent central bankers steeped in the best practice of the 1990s, who recognised that historic crises demanded radical action. It was the price surge of 2021-2023 that poisoned the atmosphere. Though the shock came mainly from the supply side, central banks ended up in the dock. Nowhere more so than in the UK. The Bank of England reacted with aggressive normalisation. Faced with a cost of living crisis, the governor called for workers to accept real wage cuts. In early 2022, as gas prices were at record levels and Russia’s army was poised to invade Ukraine, the Bank adopted a stringent programme of quantitative tightening, elevating interest rates. When the Truss government got itself in trouble, the Bank took almost a week to come to the rescue. Rather than enacting a charade of normality, it is time to recognise that in 2025 the UK faces a period of historic transition. To meet this challenge, what is needed is a new concordat with the Bank. This should not ignore inflationary pressures or the long-run trajectory of debt, but should affirm the priority of reviving investment-led growth. One could follow Donald Trump in demanding interest rate cuts. The Bank could shadow the ECB in its commitment to capping Eurozone yields. But the top priority should be to lay the ghost of September 2022. The Bank’s slowing of QT last month was a concession. An immediate and complete end would send the right signal. Such a concordat will not by itself restore sanity to politics, solve the housing problem or rebuild the NHS. But it would help to lift the fear of bond market crisis, which is paralysing the effort by democratic politicians to answer the fundamental questions facing the nation. Now, that call for a new concordat between government and Bank of Englands seems more urgent than ever. The problem is that in October 2025, Starmer still had some authority. Today the government is in tatters. And when you are the “under the harrow” - to echo a phrase of Montagu Norman’s from the 1920s - it is the worst possible time to consider institutional change. To make general arguments at a time of crisis can only seem like special pleading rather than a general argument for long-term change. The same, unfortunately, is also true for the other basic institutional reform that Britain urgently needs i.e. the abolition of the out-dated first past the post electoral system and its replacement by a moderated form of proportional representation. And thirdly - whilst we are saying the quiet parts out loud - Britain needs to reopen the question of EU membership. What the local election results of 2026 show is that this remains a key issue. And what they also show is that there is a clear majority that would favor a return. Until these basic features of Britain’s political economy are addressed the country will carry on its politics as though in a haunted house, governed by governments that lack actual majorities, conjuring up false constraints whilst ignoring the real ones. This one is for DG and MI. I love writing the newsletter. If you enjoy it too and fancy buying me a coffee once a month, you know what to do. Click below! Subscribe

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May 15 • 3:04 AM EDT • Politics • adamtooze.substack.com
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